News Highlights: Top Company News of the Day
Jury Finds Former Alstom Executive Guilty of Foreign Bribery
A jury found a former Alstom executive guilty of helping
orchestrate a bribery scheme in Indonesia, a verdict that
reinforces the reach of a U.S. law prohibiting bribes to foreign
PG&E Plan to Pay Insurance Claims in Cash Hurts Bankruptcy Talks
An $11 billion settlement of insurance claims tied to PG&E
Corp.'s alleged responsibility for California wildfires is emerging
as an impediment to a potentially broader deal to end the utility's
bankruptcy, according to people familiar with the matter.
Blackstone Takes Controlling Stake in Owner of Dating App Bumble
Blackstone Group is taking a majority stake in the owner of
dating app Bumble as part of the private-equity giant's broader
push to invest more in fast-growing companies.
Disney Needs to Keep the Hits Streaming
Disney shares rise yet again as Amazon deal gives Disney+
service more access to cord-cutting audience.
JPMorgan Deal Shows Possible Path to Smaller Fannie and Freddie
A move by JPMorgan to shed risk on some of its mortgage loans is
stirring hope that the tactic could help reduce the government's
role in the $11 trillion mortgage market.
Cartier's Owner Lacks Polish for a Tiffany Counterbid
Tiffany &Co.'s board, currently sizing up a takeover
approach from LVMH Moët Hennessy Louis Vuitton, can probably rule
out a counterbid from the owner of the Cartier jewelry empire.
Alibaba Readies Hong Kong Listing Worth Up to $15 Billion
Alibaba is aiming to raise $10 billion to $15 billion in a
second listing in Hong Kong this month, reviving the planned
offering even as the city's political climate remains unstable.
Square's Cleanup Still Leaves Questions
Square is no longer in the food-delivery business. Now it must
deliver more growth.
As WeWork Grew, Wall Street Lent It Money, Credibility
Banks jockeying for a role in WeWork's public debut wooed
founder Adam Neumann with sky-high valuations that would make him a
billionaire many times over. Their loans to the company told a
IAG Cuts Capacity Growth Forecasts
British Airways parent IAG cuts its capacity growth forecasts
for the next three years to 3.4% and cautioned that earnings will
be negatively affected as a result.
(END) Dow Jones Newswires
November 08, 2019 13:15 ET (18:15 GMT)
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